The market · Shelby Hills

Shelby Hills housing market, January 2024

Single-family homes inside the Shelby Hills map area in the RealTracs MLS. This page is built from RealTracs’ five-year monthly file as reported on October 28, 2026; the change column is worked out from that file. The live Shelby Hills page has the current month, the map and every data set.

$706,250

median sale price, 3-month rolling

$415,700 a year earlier · +69.9%

2

homes sold

2 in January 2023 · no change

4.85

months of supply, 3-month rolling

6.01 in January 2023 · −19.3% · monthly figure not shown: 2 sales · balanced

47

average days on market, 3-month rolling

17 in January 2023 · +176.5% · monthly figure not shown: 2 sales

4

new listings

7 in January 2023 · −42.9%

Shelby Hills closed 2 single-family sales in January 2024, the same as 2 in January 2023. With only 2 sales in the month, the monthly median swings on a single house, so the figure to watch is RealTracs’ three-month rolling median: $706,250, +69.9% from $415,700 a year earlier. Buyers had 11 homes to choose from on average (11 a year ago), and months of supply stood at 4.85 on a three-month rolling basis — balanced by the usual four-to-six-month rule of thumb. Over the three months to January 2024, homes that sold had averaged 47 days on market (a normal pace); 4 new listings came on against 7 a year earlier. In the 2 earlier Januarys on record (2022–2023), sales ran from 2 to 2.

Written from the figures on this page by fixed sentences. No forecasts.

January 2024 vs. January 2023

The month, number by number

Every figure RealTracs reports for the month, against the same month a year earlier. Pick a row and the bars show that measure for January in every year on file; the link under them opens its full history on the live page.

Shelby Hills, January 2024 against January 2023
January 2023	January 2024	Change
2	2	no change
$1,326,950	$1,107,500	−16.5%
$1,326,950	$1,107,500	−16.5%
$388	$323	−16.8%
13	69	+430.8%
7	4	−42.9%
5	2	−60.0%
11	11	no change
4	3	−25.0%
15	15	no change
7.62	6.83	−10.4%
$1,279,688	$859,736	−32.8%
99.23%	89.57%	−9.7%
65	83	+27.7%
18	31	+72.2%
33	137	+315.2%

Change is worked out here from the two monthly figures in RealTracs’ five-year file.

Median sale priceJanuary, each year on file

Pick a row in the table and the bars follow it. Prices are rounded to the nearest $1,000 here; the table has the exact figures. “—” is a month with no sales.

Every month of median sale price →

The table behind these bars

January, year by year
Month	Sold	Median sale price	Median $/sq ft	New listings	For sale (avg)	Months of supply	Avg days on market
January 2024	2	$1,107,500	$323	4	11	6.83	69
January 2023	2	$1,326,950	$388	7	11	7.62	13
January 2022	2	$302,500	$453	11	2	4.47	3

The same calendar month in every year the five-year file covers — the comparison behind the “earlier years” sentence above.

More tables for January 2024: the last twelve months, this month in every year, the rolling basis

Month by month, monthly figures
Month	Sold	Median sale price	Median $/sq ft	New listings	For sale (avg)	Months of supply	Avg days on market
January 2024	2	$1,107,500	$323	4	11	6.83	69
December 2023	5	$425,000	$426	3	14	3.01	44
November 2023	3	$677,500	$413	7	17	6.58	35
October 2023	1	$1,120,500	$445	6	19	20.89	71
September 2023	3	$1,000,000	$344	10	18	6.36	7
August 2023	2	$802,450	$389	9	20	10.92	25
July 2023	3	$538,000	$319	13	20	7.74	17
June 2023	4	$844,500	$379	11	14	4.64	16
May 2023	6	$756,250	$404	11	11	2.39	11
April 2023	8	$847,500	$403	10	5	1.07	70
March 2023	6	$927,500	$415	8	8	2.12	4
February 2023	4	$1,012,500	$394	8	9	3.59	57

Every figure as RealTracs reports it for that month. Months with fewer than 10 sales are small samples: their median is the median of a handful of houses, and the page’s headline figures use RealTracs’ rolling medians for them.

January, year by year
Month	Sold	Median sale price	Median $/sq ft	New listings	For sale (avg)	Months of supply	Avg days on market
January 2024	2	$1,107,500	$323	4	11	6.83	69
January 2023	2	$1,326,950	$388	7	11	7.62	13
January 2022	2	$302,500	$453	11	2	4.47	3

The same calendar month in every year the five-year file covers — the comparison behind the “earlier years” sentence above.

January 2024 on a rolling basis
Measure	Monthly	3-month rolling	6-month rolling	12-month rolling	3-month, January 2023	12-month, January 2023
Median sale price	$1,107,500	$706,250	$802,450	$815,000	$415,700	$625,000
Median sale price per sq ft	$323	$402	$402	$398	$388	$402
Months of supply	6.83	4.85	6.89	4.3	6.01	3.86
Average days on market, homes sold	69	47	38	34	17	15
Homes sold (per month)	2	3	3	4	3	4

RealTracs’ own rolling figures: each is worked out over the sales of the last 3, 6 or 12 months, not averaged from the monthly numbers. A rolling count is the average per month. These are the figures the page quotes when a month has fewer than 10 sales.

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Questions

Shelby Hills in January 2024

Were home prices in Shelby Hills dropping in January 2024?

No — up. The three-month rolling median sale price was $706,250 in January 2024, +69.9% from $415,700 a year earlier. The rolling figure is used because only 2 homes sold in the month.

Was Shelby Hills a buyer’s or a seller’s market in January 2024?

Balanced: 4.85 months of supply in January 2024 on a three-month rolling basis (under four favors sellers, over six favors buyers), against 6.01 a year earlier. The rolling figure is used because only 2 homes sold in the month.

How fast were homes selling in Shelby Hills in January 2024?

With 2 sales in January 2024, a monthly average would mislead; over the three months to January 2024 homes that sold had averaged 47 days on market, a normal pace.

How this page is built

Every figure is read from RealTracs’ own export for the Shelby Hills map area — the Snapshot report for the month and the five-year Timeline files for all eight data sets, monthly and 3-, 6- and 12-month rolling. Files are kept as downloaded, with a manifest of download names and checksums, so any number here can be traced to its file. The only arithmetic on the page is labelled where it appears: a change worked out from two monthly figures, and the ranges in the “earlier years” sentence. Months with fewer than 10 sales are flagged as small samples and their price figures switch to RealTracs’ rolling medians. The summary and the questions are filled from fixed sentences — no forecasts, no advice. “Favors sellers / balanced / favors buyers” follows the usual rule of thumb for months of supply: under four, four to six, over six. Days on market: under 30 is called a fast pace, over 60 slow.

← December 2023 Shelby Hills now February 2024 →

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Source: RealTracs MLS, Analytics → Market Trends, the Shelby Hills map area (saved in RealTracs as “Shelby hills”), residential single-family. Report dated October 28, 2026. Based on information from Realtracs® for the period January 1, 2023 through September 30, 2026. © 2026 Realtracs, Inc.